VSoft Technologies, a global provider of information and technology solutions for financial institutions, on Thursday announced its plans to set up a software development centre in Mangalagiri in Andhra Pradesh.
The centre would help to scale the company’s operations by providing innovative technology solutions and services to its financial institution clients based in India and abroad.
The centre would also be used for banking software development and support activities.
It will be set up on 1,882 square feet that has been allocated by the government, the company said in a statement.
VSoft Technologies, which commenced operations 20 years ago, has a development centre in the US and provides services to more than 2,600 customers globally.
In India, the company has head office and development centre in Hyderabad and Rajahmundry respectively and serves over 300 customers.
VSoft Technologies chairman and CEO Murthy Veeraghanta said: “We are committed to create more than 400 jobs at the centre that are going to be the backbone to our growth strategy.”